The Challenges of Internationalization

However, for human capital, the higher the input, the higher the productivity, and the entrepreneurial team does not have human capital to overcome all the challenges of internationalization. In other words, while the entrepreneurial team accumulates knowledge, the skills required for advancement or success are not necessarily the same. Experience is also useful when reviewing new and high-risk companies, but according to a preliminary survey, risk perception in exporting companies is lower than that of non-exporting companies. Experiential learning greatly provides more realistic expectations for growth and overseas markets when exporting. Empirical learning helps better risk awareness, increases general knowledge levels, accelerates entrepreneurs' assessment of overseas market opportunities, and increases responsiveness. Previous studies have shown that experiences in the same sector lead to improved corporate performance, as they benefit from the knowledge and understanding of already accumulated products and related technologies. A study by GE found that commercial and management experience could provide entrepreneurs with the skills needed to collect information and evaluate opportunities in overseas markets and mitigate risk perception in international markets.